A Linear Programming Problem Has an Objective Function of 10X

question 27

Multiple Choice

A linear programming problem has an objective function of 10X + 12Y.If the optimal solution provided by the model is to produce and sell 400 units of X and 1,000 units of Y,what is the expected return?

• A)$1,400
• B)$14,800
• C)$16,000
• D)$40,800

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Definitions:

Standard Labor Hours

The set amount of time expected to be used to complete a specific task or manufacture a product under normal conditions.

Direct Materials Quantity Variance

The difference between the actual amount of direct materials used in production and the standard amount expected to be used, valued at the standard cost.

Overhead

Ongoing business expenses not directly attributed to creating a product or service, such as rent, utilities, and administrative costs.

Standard Labor Hours

The predetermined amount of time expected to complete a task or produce a unit of goods under normal conditions.